The Daily Telegraph claim the contract is on the verge of being signed with the sportswear giant ready to offer double the current amount the Blues receive from Adidas.

Chelsea confirmed last week they would be ending their current sponsorship deal six years early at the end of the season.

£40m in compensation will have to be paid by Roman Abramovich but with Nike's offer the cost will have little impact on the club.

The 10 most memorable moments of the Premier League season

THE most incredible Premier League season in memory comes to an end today with Leicester champions, Chelsea and Liverpool stuck in mid-table and Newcastle and Aston Villa going down. But what were the standout moments from the campaign?

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10. Louis van Gaal falls over to demonstrate to the fourth official after Marcus Rashford scored a debut double in a 3-2 win over Arsenal